Bloom Energy Lifts Outlook as Data Centers Absorb Its Output
For most of the summer, investors in Bloom Energy asked the same question on every call and in every hallway conversation: what happens to revenue when Nebius stops being most…
Calpers Trims Its Magnificent Seven Bet
For most of the past decade the simplest trade in American public pensions was to own the whole market and let seven technology companies carry the result. Calpers has begun…
EBay Cuts 9% of Its Staff and Says the Strategy Is Working
The memo reached eBay employees on Tuesday. It came from Jamie Iannone, the chief executive, and it carried a line that has become standard in technology but reads oddly next…
Automattic Cuts Staff While Its Boardroom Is Still Emptying
Megan Fox, Automattic’s director of communications, posted on LinkedIn last week that her role had been “eliminated.” She called it an “unexpected end.” She was not the only one writing…
Bose Buys a Younger Audience and Leaves the Nameplate Alone
Skullcandy began in 2003 on a chairlift in Park City, Utah, selling headphones to snowboarders who wanted bass and did not want to pay Bose prices. On Wednesday, Bose bought…
Legora’s $8.8 Billion Bet on Fewer Billable Hours
Legora’s $8.8 Billion Bet on Fewer Billable Hours For most of the past decade, legal technology sold itself as a way to help lawyers bill more. Legora sells software meant…
Waymo’s Landing at Harry Reid
Waymo’s Landing at Harry Reid The drive between the Las Vegas Strip and Harry Reid International Airport has long been one of the more dependable pieces of margin in American…
Australia Orders Apple to Open the iPhone, Without an Expiry Date
Apple Inc. has spent years arguing that the iPhone’s app rules are a security architecture, not a commercial one. Australia’s Federal Court has now rejected that framing in the most…
Tesla’s Profit Falls 43% as the Robots Take Over the Balance Sheet
Tesla sold about as many cars as it did a year ago and made little more than half as much money on them, a squeeze its executives describe as the…
Musk’s $3.7 Trillion Merger Runs Into a Rocket Shortage
Elon Musk’s two largest companies are edging toward a combination that would be the biggest corporate transaction ever attempted, at the same moment one of them is preparing to retire…
